Which of the following occurs when nearly all of the terms of the agreement are complete; there has been an honest effort to complete all of the contract terms; and there has been no willful departure from the terms of the agreement?Multiple choice question.Complete performanceSubstantial performanceConvergenceSingularity

Which of the following conditions need not be satisfied for substantial performance?Multiple choice question.The formation of a contract between a merchant obligor and a non-merchant obligeeNo willful departure from the terms of the agreementAn honest effort to complete all of the contract termsCompletion of nearly all of the terms of the agreement

Which of the following occurs when all aspects of the parties' duties under the contract are carried out perfectly?Multiple choice question.Substantial performanceConvergenceSingularityComplete performance

Complete performance occurs when all aspects of the parties' duties under the contract are carried out: Blank______.Multiple choice question.substantiallyessentiallyperfectlyqualifiedly

Contracts containing conditions affecting the performance obligations of the parties are called Blank______ contracts.Multiple choice question.subrogationconditionaldelegationnullification

Which one of the following elements is not necessary for a contract? a) Competent parties b) Reasonable terms and conditions. c) Free consent d) Lawful consideration